Form 4: First Horizon Officer's Routine Stock Withholding for Taxes

First Horizon Corp. SEVP and Chief Banking Officer Anthony J. Restel reported a mandatory withholding of 9,027 common shares for tax obligations related to restricted stock unit vesting.

Summary

• Anthony J. Restel, SEVP, Chief Banking Officer of First Horizon Corp. (FHN), reported a transaction on October 27, 2025.
• The transaction involved the mandatory withholding of 9,027 shares of Common Stock to cover withholding taxes associated with the vesting of a previously granted restricted stock unit award.
• The shares were withheld at a price of $20.99 per share.
• Following this transaction, Mr. Restel beneficially owns 616,995 shares of Common Stock directly and 19,523 shares indirectly.
• Additionally, Mr. Restel holds 3,000 Depositary Shares directly in an IRA and 50 Depositary Shares indirectly through a child.

Sentiment

Score: 5

Explanation: The filing reports a routine, non-discretionary transaction (tax withholding for RSU vesting), which is neutral in sentiment and does not reflect a change in the company's or the officer's outlook.

Negatives

• A reduction of 9,027 shares of Common Stock from the officer's direct beneficial ownership due to tax withholding.

Future Outlook

N/A

Industry Context

This is a routine insider transaction common across all industries for executives receiving equity compensation, reflecting the tax implications of restricted stock unit vesting rather than a discretionary sale or a change in company outlook.

Stakeholder Impact

• Shareholders: Minimal impact as this is a routine, non-discretionary transaction for tax purposes and does not signal a change in management's confidence or company fundamentals.

Key Dates

Keywords

First Horizon Corp, FHN, Insider Transaction, Form 4, Stock Withholding, Restricted Stock Units, Executive Compensation, Beneficial Ownership